Politicians, economists call for plan to reduce inflation; C

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Politicians, economists call for plan to reduce inflation; CBI: inflation will continue if current policy doesnt change

With price increases and disparity in salaries .. MPs and economists calling for an actual plan to reduce inflation

Expect MPs and economists high rates of inflation during the next term, in light of a number of economic data, demanding that there be programs and plans lead to the outcomes and objectives are based on a scientific basis to promote economic growth during the limited period of time, “Future of Iraq” held a meeting with a number of deputies and economic experts to find appropriate solutions.

Member of the former Economic MP Abdul Hadi al-Hassani explained in that the increase in the inflation rate for consecutive months due to increased prices of imported food from abroad, the fact that the country lacks a local production of food, indicating that the material prices are high as a result of the global economic crisis, as Abdel-Hadi growth during this period tends negative, given that Iraq is not a producer, as one of the largest importing countries in many of the things on the grounds that Iraq is subject to the controls of supply and international demand.

As reflected by the other hand, the more the prices for materials abroad reflected negative in the price of home, and continued: the country today, in fact, not subject to the financial system, economic prevents the increase in inflation and there is no hardware control that prevented this increase is calculated and unjustified, given that the citizen is subject to the real situation, which is known in the market increase is not quality, but improvised a number of materials, especially that Iraq is a consumer non-industrial and non-productive are subject to market supply and demand world, so that inflation has become a central issue throughout the region, pointing out that the increase for salaries was not as fast as inflation, as reflected On the savings of workers and the standard of living, while being forced to the economy in some of the expenses,

in addition to the shortage experienced by the region in some of the basic infrastructure services and continued: The prices of wages of managers and employees and even the private sector increases the rate of inflation as well as the state today are trying to increase the salaries of citizens because the reality imposes on the government some of the benefits that have made the price increase per year and there is no tax system that regulates not increase that calculated to be increased up to 5 or 6%.

In the same context, member of the Economic Commission Amer Al-Fayez said the country was experiencing a state of inflation and the continuing rise in price, and if placed solutions of inflation will certainly increase in coming years, and added that there are studies put forward by the Economic Commission of the Council of Ministers in cooperation with the Central Bank of the existence of solutions to absorb inflation happening in the country and the solutions put forward is to delete the three zeroes,

but the fact that this deletion will not increase if inflation and we serve as the economic studied the results and show that the case is not feasible in practice, but may be a psychological consequences on the citizen may have some positive impact but there is another side, it will increase the process of inflation, if left on the side of studies, it is certainly the case that inflation will remain on the rise.

And in turn, confirmed an economist leading net that the rate of inflation will continue to rise during the next term, because the government did not take any radical decisions about reforming the economic structure and organization of the markets and prevent the intermediaries in the marketing process, and added net that the market is in the current term spread of slums and the absence of any organizations with the absence of the oversight role of the markets,

he added that the central bank is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies and the management of foreign reserves and the issuance of currency management, as well as regulate the banking sector, and followed the (net): The absence of security and stability in the country led to a lack of the flow of transport operations and the sequence of the marketing and subsequent bottlenecks in import lead to an increase in prices,

on the other Chancellor of the Arab Organization of the economy high-Shammari that inflation experienced by SELA in Iraq needs to decisions characterized Bajeriih to sever financial grants high to be granted to officials to the activation of the tax system with a re-balance the spread of funds between government institutions, and explained that the ingredients of treatment of inflation is not currently available that the decisions are still intertwined between the Ministry of Finance and Central Bank of Iraq with the continuing differences between them on a loan granted by the Ministry of Finance for farmers and citizens and the unemployed, and continued must activate the international economic organizations and consulted in saving Iraq from continuing inflation in its system of general economic,

in the prior authorization of the Governor of the Central Bank, the appearance of Mohammed Saleh said that inflation in Iraq will continue to increase if it continues policies have cash and finance in Iraq through the establishment of the necessary steps and decisive action to curb this dangerous phenomenon, pointing out that this kind of inflation, which is called (transition or importer) if left without treatment would cause damage to a chronic, through pressure on the cost decimal continuously, leading to increased rental rates for real estate and food in local markets .

He continued that Iraq is part of the world is affected by any change affects the global markets.

The Deputy Governor of the Central Bank that the trade account of the payments system in Iraq has a surplus of Mali, and this is something that reduces the risk of inflation in Iraq, as well as that Iraq is exporting oil than it imports Vtatherh on the economy be a bit although there is an increase in the rate of inflation, said that the Iraqi economy is stagnant economies and powerful at the same time it is facing economic problems with ease.

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